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Cintas Corporation (NASDAQ:CTAS) announced today plans to gradually close its distribution center and centralized stockroom in Atlanta, GA over the course of the next 12 months. Cintas acquired these facilities as part of its merger with G&K Services earlier this year.
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"Our strategy is to focus on the optimal distribution structure to facilitate excellent customer service and future growth across our entire organization," said Terri Cain, Vice President of Distribution for Cintas. "As part of our integration of the distribution network we acquired from G&K, the company has made the decision to shut down these facilities and integrate the products into other distribution centers and stockrooms across our company."
The facilities closure will impact about 200 employee-partners. Cintas has 10 other facilities in the Atlanta market and affected employee-partners are encouraged to apply for open positions at those facilities. If the company is unable to offer continuing employment, severance pay, optional continued healthcare coverage and job placement help and resources will be provided. It is a top priority for the company to assist these employee-partners and their families throughout this transition.
About Cintas Corporation:
Cintas Corporation helps more than one million businesses of all types and sizes get Ready™ to open their doors with confidence every day by providing a wide range of products and services that enhance our customers' image and help keep their facilities and employees clean, safe and looking their best. With products and services including uniforms, floor care, restroom supplies, first aid and safety products, fire extinguishers and testing, and safety and compliance training, Cintas helps customers get Ready for the Workday®. Headquartered in Cincinnati, Cintas is a publicly held company traded over the Nasdaq Global Select Market under the symbol CTAS and is a component of the Standard & Poor's 500 Index.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170901005665/en/
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.